Western Digital retracted 29 cents from 2 months high and trades at $39.71

After ending Thursday at $37.85, Western Digital Corp rallied to $40 yesterday, hitting its highest point in 2 months. It later lost 29 cents and closed at $39.71.

Nevertheless, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in Western Digital's share price coincided with other technology stocks as Intel gained 5.84%, as it traded at $29. Qualcomm was up 6.09%. Accenture plc Class A (Ireland) traded at $303.6 after closing yesterday's trading day at $291.76 (up 4.06%).

The stock has been trending positively for about a month. The manufacturer and provider of data storage devices is now trading 39.2% below the significant high of $62.25 it set around a year ago.